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Hero Innovation Group (XCNQ:HRO) Days Inventory : 0.00 (As of Jun. 2024)


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What is Hero Innovation Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hero Innovation Group's Average Total Inventories for the three months ended in Jun. 2024 was C$0.00 Mil. Hero Innovation Group's Cost of Goods Sold for the three months ended in Jun. 2024 was C$0.01 Mil. Hence, Hero Innovation Group's Days Inventory for the three months ended in Jun. 2024 was 0.00.

The historical rank and industry rank for Hero Innovation Group's Days Inventory or its related term are showing as below:

XCNQ:HRO's Days Inventory is not ranked *
in the Software industry.
Industry Median: 18.72
* Ranked among companies with meaningful Days Inventory only.

Hero Innovation Group's Days Inventory stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Hero Innovation Group's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.00.


Hero Innovation Group Days Inventory Historical Data

The historical data trend for Hero Innovation Group's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hero Innovation Group Days Inventory Chart

Hero Innovation Group Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Days Inventory
- - - - -

Hero Innovation Group Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Hero Innovation Group's Days Inventory

For the Software - Infrastructure subindustry, Hero Innovation Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hero Innovation Group's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Hero Innovation Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hero Innovation Group's Days Inventory falls into.



Hero Innovation Group Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Hero Innovation Group's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

Days Inventory (A: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2022 ) + Total Inventories (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.037*365
=0 / 0.037*365
=0.00

Hero Innovation Group's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.009*365 / 4
=0 / 0.009*365 / 4
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Hero Innovation Group  (XCNQ:HRO) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Hero Innovation Group's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Hero Innovation Group's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Hero Innovation Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Hero Innovation Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Hero Innovation Group Business Description

Traded in Other Exchanges
N/A
Address
422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4
Hero Innovation Group Inc is a financial technology company. The company delivers financial solutions for the next generation of consumers whose parents demand safety, security, and peace of mind while promoting financial literacy for the future. The company's products include Hero financials and SideKick Card.

Hero Innovation Group Headlines

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